Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Trading Up 1.2% – Here’s What Happened

Fidelity Disruptive Technology ETF (NASDAQ:FDTX)’s share price rose 1.2% during trading on Thursday . The company traded as high as $38.64 and last traded at $38.62. Approximately 13,099 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 20,017 shares. The stock had previously closed at $38.15.

Fidelity Disruptive Technology ETF Trading Up 1.2%

The business’s fifty day moving average price is $34.88 and its 200 day moving average price is $34.84. The firm has a market capitalization of $185.38 million, a price-to-earnings ratio of 32.44 and a beta of 1.50.

Fidelity Disruptive Technology ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, June 20th were paid a $0.002 dividend. The ex-dividend date was Friday, June 20th. This represents a $0.01 dividend on an annualized basis and a yield of 0.02%.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FDTX. Jane Street Group LLC grew its holdings in shares of Fidelity Disruptive Technology ETF by 545.6% during the first quarter. Jane Street Group LLC now owns 46,044 shares of the company’s stock worth $1,450,000 after buying an additional 38,912 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Fidelity Disruptive Technology ETF by 91.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,347 shares of the company’s stock worth $1,082,000 after acquiring an additional 16,449 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Fidelity Disruptive Technology ETF in the 1st quarter valued at approximately $677,000. Commonwealth Equity Services LLC purchased a new position in shares of Fidelity Disruptive Technology ETF in the 4th quarter valued at approximately $305,000. Finally, Harbour Investments Inc. increased its holdings in shares of Fidelity Disruptive Technology ETF by 58.2% in the first quarter. Harbour Investments Inc. now owns 2,831 shares of the company’s stock valued at $89,000 after purchasing an additional 1,042 shares during the period.

About Fidelity Disruptive Technology ETF

The Fidelity Disruptive Technology ETF (FDTX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in innovative businesses believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI.